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Prepare the amortization table

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Question - On January 1, 20x1, ABC co. acquired 2000, 10%, $1000 bonds from XYZ, Inc. for $1,937,951. The bonds are classified at amortized cost. The principal matures on December 31, 20x4; however, interest is due annually every December 31. The effective interest rate is 11%.

Required - Prepare the amortization table.

Reference no: EM132529987

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